0LD8 trade ideas
toppy much?Eyeing a 5% haircut up here. You want to be in stonks that only go up, this is your huckleberry...
waiting for an RSI 75 on the 1Hr then rolling into at-the-money puts
TARGET NEXT CORRECTIVE PHASEElliot wave theory has 2 phases, IMPULSIVE & CORRECTIVE PHASES. 5 Moves to the upside and ABC CORRECTION to the downside for an UPTREND. We just completed the 5 waves up as an impulse. next move should be a corrective phase going down or selling in form of ABC.
TGT rising wedgeRising wedge on weekly (Yellow line)
Rising wedge on daily (white line)
RSI overbought on weekly and daily.
MFI overbought
If they Rotate out of growth back into value this will tank hard.
First Target is daily wedge support at 247.
Second target is weekly wedge at 244
final target -25%
$TGT Chart IdeaWaiting for confirmation of bounce off support, if so this trend will continue until it doesn't.
TGT log price chart with curves, weeklyThis is an experiment on log price charts. I want to see how the monthly price actions follow this style of prediction tool (using the curve).
TGT AFTER $233 Short EVERY BOUNCEA RISING WEDGE IN TIDE RANGE BROKE UPSIDE. TARGET IS $233 WOULD BE A GREAT PLACE TO SHORT FOR A GOOD RR, SINCE A NICE PULL BACK DUE ALREADY. IT SHOULD PLAY OUR VERY WELL. ST: $235
TGT Day Trade IdeaTGT seems to be forming an ascending triangle on the 30MIN TimeFrame. I like playing squeeze plays and that's exactly what TGT is doing on the 30MIN. Using the TTM Squeeze indicator you can see that it is in a moment of consolidation and looking to breakout. I'm betting that breakout to be to the upside and break TGT's current ATH. Wait for confirmation before entering which means high volume and momentum on your side. Watch what TGT does above $228.
TGT bearish back down into channelTarget has been a consistent winner for a while now
Can't see it being chased too much higher...though it's of course possible
That's why I'm gonna scale into some June puts and average in while waiting for a turn back down into the makeshift channel we broke above today
I've had some success recently on these type of plays, looking to keep it going with TGT
$TGT with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $TGT after a Positive under reaction following its earnings release placing the stock in drift A
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$TGT TARGET ELLIOTT WAVE ANALYSISHeres my thoughts on $TGT, we could be in a nice extended three wave which I believe might be topping sometime soon near the 230's-240's . Im still very bullish longtern. Everything else is on the chart, If anyone has questions or wants me to look at something feel free to reach out.
TGT ShortUptrend Wedge break down + revisit
RSI divergence
Short 216
Stop 220
Target 180
Risk management is much more important than a good entry point.
The max Risk of each plan should be less than 1% of an account.
I am not a PRO trader. I trade option to test my trading plan with small cost.
Target beats Q1 earningsTarget Beats. Target (TGT) reported Q1 April 2021 earnings of $3.69 per share on revenue of $24.2 billion. The consensus earnings estimate was $2.26 per share on revenue of $21.3 billion. Revenue grew 23.4% on a year-over-year basis.
R3 = $221.89
R2 = $217.59
R1 = $213.28
pivot = $209.41
S1 = $205.29
S2 = $200.99
S3 = $196.70
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analysts motives
Emotions & Opinions
FOMO : bad timing
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
www.tradingview.com
TGT - Parabolic Steps PT 257This pattern will take some time to play out but the direction is clear. Chart formation implied a final move for 257 PT. GL!
TGT Long IdeaTGT has been on a bull run the past few weeks and it currently trading at ATH. Price just broke ascending triangle, gapped up and now is on a bull flag setup.
1. Price trading at ATH and now forming a bull flag.
2. Caution; Red candle on the 1hr chart with big red volume. Price might do a quick retest on 207-206 area for the next move up. However, on a longer term, daily candle shows big green candle with a bigger than last green volume. (bullish, mid term)
3. RSI on Daily and Hourly time frame is around the 70 level. (near overbought)
Scenario:
1. Breakout play; entry zone just above 209.59 resistance level.
2. Pullback play; entry once price gets rejected from the 206-207 resistance area.
Target1; 215.80 area with rejection candle
Target2: 219.63 with trend continuation.
